Westpac extends share buy-back, provides updates on capital and NZ operations

Westpac Banking Corporation announced a one-year extension to its on-market buy-back program, now continuing until November 10, 2026, targeting up to A$3.5 bn of its fully paid ordinary shares. This follows a previous announcement on July 30, 2025 and an initial notification on November 6, 2023.

The announcement coincides with the release of the Westpac New Zealand Banking Group Disclosure Statement for the year ended September 30, 2025. This statement details key financial metrics for the NZ Banking Group, including profit after income tax expense of NZ$1,261m and total assets of NZ$140,750m.

Additionally, Westpac reported changes in director interests, including Anthony James Miller’s disposition of 84,280 share rights and acquisition of 63,210 fully paid ordinary shares, and Philippa Greenwood’s acquisition of 4,122 fully paid ordinary shares on November 6, 2025. The company also confirmed the issuance of A$1,000,000,000 Fixed Rate Subordinated Notes due November 13, 2045, which are expected to be treated as Tier 2 regulatory capital.